http://www.youtube.com/watch?v=GgGMB_woK10In 1986 Pixar Animation Studios produced its first film. This why we have a hopping lamp in our logo. Pixar Animation...\n\nPixar Animation Studios is a CGI animation studio based in Emeryville, California. To date, the studio has earned thirteen Academy Awards, three Golden Globes, and one Grammy,among many other awards, acknowledgments and achievements. It is best known for its CGI-animated feature films which are created with PhotoRealistic RenderMan, its own implementation of the industry-standard Renderman image-rendering API used to generate high-quality images.It was founded in 1979 as a division of Lucasfilm before it was bought by Apple founder Steve Jobs. The Walt Disney Company bought Pixar in 2006 through an all-stock transaction worth US$7.4 billion.\n\nEarly History :\nPixar was founded as the Graphics Group, one third of the Computer Division of Lucasfilm that was launched in 1979 with the hiring of Dr. Ed Catmull from the New York Institute of Technology (NYIT).[1] At NYIT, the researchers worked on an experimental film called The Works. When the group moved to Lucasfilm, the team worked on creating the precursor to RenderMan, called MotionDoctor, which allowed traditional cel animators to use computer animation with minimal training.[1]\n\nThe team began working on film sequences produced by Lucasfilm or worked collectively with Industrial Light and Magic on special effects.[1] After years of research, and key milestones in films suchas Star Trek II: The Wrath of Khan and Young Sherlock Holmes,[1] the group was purchased in 1986 by Steve Jobs shortly after he left Apple Computer.[2] Jobs paid $5 million to George Lucas and put $5 million as capital into the company.[3] The Computer Division was renamed Pixar, a fake Spanish wordmeaning \"to make pictures\" or \"to make pixels.\"[4][5] A factor contributing to Lucas\'s sale was an increase in cash flow difficulties following his 1983 divorce, which coincided with the sudden dropoff in revenues from Star Wars licenses following the release of Return of the Jedi and the disastrous box-office performance of Howard the Duck.[1] The newly independent company was headed by Dr. Edwin Catmull, President and CEO, and Dr. Alvy Ray Smith, Executive Vice President and Director. Jobs served as Chairman and Chief Executive Officer of Pixar.[6]\n\nInitially, Pixar was a high-end computerhardware company whose core product was the Pixar Image Computer, a system primarily sold to government agencies and the medical community. One of the leading buyers of Pixar Image Computers was Disney Studios, which was using the device as part of their secretive CAPS project, using the machine andcustom software to migrate the laborious Ink and Paint part of the 2-D animation process to a more automated and thus efficient method. The Image Computer never sold well.[7] In a bid to drive sales of the system, Pixar employee John Lasseter—who had long been creating short demonstration animations, such as Luxo Jr., to show off the device\'s capabilities—premiered his creations at SIGGRAPH, the computer graphics industry\'s largest convention, to great fanfare.[7]\n\nAs poor sales of Pixar\'s computers threatened to put the company out of business, Lasseter\'s animation department began producing computer-animated commercials for outside companies. Early successes included campaigns for Tropicana, Listerine, and LifeSavers.[8] During this period, Pixar continued its relationship with Walt Disney Feature Animation, a studio whose corporate parent would ultimately become its most important partner. In 1991, after substantial layoffs in the company\'s computer department, Pixar made a $26 million deal with Disney to produce three computer-animated feature films, the first of which was Toy Story. Despite this, the company was costing Jobs so much money that he considered selling it. Only after confirming that Disney would distribute Toy Story for the 1995 holiday season did he decide to give it another chance.[9] Pixar was re-incorporated on December 9, 1995.[10]\n\n\n___FOERaR___ 1986, Acquisition, Animasyon, Animation, Animator, Anime, Art, Book, by, Cartoon, Disney, Film, First, John, Jr, Karen, Lamp, Lasseter, Logo, Luxo, Movie, Paik, Pixar, Short, story, toy, Visual,Çizgi